NISKU, AB, Feb. 29 /CNW/ - Henry and Charlotte Rosenberger have acquired
1,416,666 common shares ("Common Shares") of Wood Composite Technologies Inc.
("WCT") (being approximately 3.1% of the issued and outstanding Common Shares)
at a price of $0.15 per share. After giving effect to the acquisition, the
Rosenbergers collectively hold 4,580,366 Common Shares (being approximately
10.3% of the issued and outstanding Common Shares).
The acquisitions took place pursuant to a private placement announced by
WCT on February 11, 2008 ("Private Placement").
If the full amount of the Private Placement is subscribed for, including
the over-allotment option as described in the February 11, 2008 press release
of WCT, the Rosenbergers would hold 4,580,366 or 5.8% of the issued and
outstanding Common Shares.
The Rosenberger's interest in WCT is for investment purposes only. The
Rosenbergers have no current intention of making a take-over bid for WCT. The
Rosenbergers reserve the right from time to time to purchase additional Common
Shares of WCT or to dispose of Common Shares held by the Rosenbergers as
For further information:
For further information: Henry Rosenberger, Village Office Centre
Suites, Suite 301, 1259 Route 113, Box 313, Blooming Glen, PA, 18911, U.S.A.,
Phone: (215) 453-2901